How can we pay the PT and EPF when an employee is not working full days in a month? Generally, PT is calculated on BASIC + DA. Another doubt I have regarding PT is: in my organization's salary system, the basic salary is considered. For example, if an employee's salary is 7000/- and they were absent for 10 days in a month, resulting in a net salary of less than 5000/-, which slab will they fall into and how much PT will they pay?
From India, Amalapuram
From India, Amalapuram
Hi,
PT: Now the PT slabs have changed; there is no tax for employees if they are earning less than 15000/- per month. For more information, please refer to the attachment. Even if an employee has not worked for the full days in a month, you should deduct PT, PF, and ESIC based on the earned gross salary and then deduct the deductions.
Gross Salary = 25000/- per month, with present days worked being 26.
Earned Gross Salary = 21667/-
PT = 200/-
PF = 780/- (this amount is fixed for those with a basic salary of 6500/-)
If you have any further questions or need clarification, feel free to ask.
From India, Hyderabad
PT: Now the PT slabs have changed; there is no tax for employees if they are earning less than 15000/- per month. For more information, please refer to the attachment. Even if an employee has not worked for the full days in a month, you should deduct PT, PF, and ESIC based on the earned gross salary and then deduct the deductions.
Gross Salary = 25000/- per month, with present days worked being 26.
Earned Gross Salary = 21667/-
PT = 200/-
PF = 780/- (this amount is fixed for those with a basic salary of 6500/-)
If you have any further questions or need clarification, feel free to ask.
From India, Hyderabad
Dear Colleagues, Please supply Gazette notification of Profession tax revision in Andhra Pradesh, AVGN Vara Prasad.
From India, Kakinada
From India, Kakinada
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